Form 4: Phinia Inc. Executive Matthew Logar Reports Stock Transaction
SEC Form 4 Filing
VP and CIO of Phinia Inc., Matthew Logar, reports disposition of 621 shares to cover tax obligations upon vesting of restricted stock, leaving him with 19,521 shares.
Summary
- On February 28, 2025, Matthew Logar, VP and CIO of Phinia Inc., reported a transaction involving the company's common stock.
- 621 shares were disposed of at a price of $49.31 to satisfy tax withholding requirements upon the vesting of restricted stock.
- Following the transaction, Logar beneficially owns 19,521 shares of Phinia Inc., including 18,311 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transaction |
| 03/04/2025 | Date of signature on the report |
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